health care cost

Considering the rising costs of healthcare, and the current economic climate what is the affect of healthcare costs for the individual and their employer (need one source and a minimum of 250 words, not to include the actual question or the citation

Solution Preview

Thanks and have a nice day!

SOLUTION:

The truth is, health care cost has been steadily on the rise for many years now. In fact, the US government's expenditure for health care alone is more than tripled in 2008 ($2.3 trillion) than in 1990 ($714 billion). Indeed, health care is a big issue and has been the center stage of policy review and debate as the government, employers and consumers continue to battle upon how to keep up with their health care needs (National Health Care Expenditure Data, 2010 in Kaiser EDU, n.d.).

Much has been said about the benefits accompanying soaring prices/costs associated with health care however coupled with the "overall economic slowdown and the rising federal deficit", a great tension is on the way pulling the capacity of the government especially with Medicare and Medicaid as well as those private employers to pay premiums for their employees (Employer Health Benefits 2009 Annual Survey in Kaiser EDU, n.d.). All these invariably lead to great burdens both on the part of the employer as well as the employee. In fact with the worker's wages don't actually increase at the same speed as the health care costs and thereby pulls away workers to buy their own premiums right from their own pocket (Kaiser EDU, n.d.).

With the current reforms in health care, "new insurance regulations prevent health insurers from ...

Solution Summary

This post reacts to health care costs and applied research to validate.

$2.19

Purchase Solution

$2.19

Related Solutions

HealthCare Spending
ï?· Resource: HealthCare Spending Paper grading criteria on the student website.
ï?· explain your position on national healthcare spending in the United States. Include information on the following:
o The level of current national healthcare expenditures
o Whether the spending is too much or not

I'm having a difficult time with this assignment and really need help. My topic is HealthCareCost Reduction.
The cost of healthcare is often astronomical. I want to gather and discuss information on proposed ways to reduce the cost of healthcare for insured and uninsured individuals. Lastly, I want to discuss ways to provid

With so many different stakeholders in the healthcare system, many with powerful political lobbies, it is understandable that the government has been unable to effectively address the problems of cost, access, and quality. With the passing of the Patient Protection and Affordable Care Act of 2010 (PPACA), the government has ta

There exists what has been termed the triangle of healthcare. The three sides are: (a) cost, (b) access, and (c) quality. What is this triangle and the relationship of the three aspects? How does each one dramatically influence the others?

How do healthcare providers control expenditures for healthcare? Suppose reimbursement rates to physicians under all payers are limited by law. Use the supply and demand analysis to show how the limit on the amount of reimbursement is not the only effective way to decrease expenditures for healthcare if healthcare providers